On March 4, 2021, the Office of the U.S. Trade Representative (USTR) issued a joint press release with the United Kingdom (U.K.) announcing a four-month suspension of the Section 301 tariffs related to the World Trade Organization (WTO) large civil aircraft disputes. The suspension is effective March 4, 2021 for both parties. The U.K. had already suspended the retaliatory tariffs effective January 1, 2021, and that suspension will be extended for four months from March 4, 2021.

On March 5, 2021, the Office of the U.S. Trade Representative (USTR) issued a joint press release with the European Union (EU) also announcing a four-month suspension of the Section 301 tariffs related to the WTO large civil aircraft disputes. According to the press release, “The suspension will cover all tariffs both on aircraft as well as on non-aircraft products, and will become effective as soon as the internal procedures on both sides are completed.”

The USTR's U.K. press release can be found here:

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2021/march/joint-us-uk-statement-suspension-large-civilian-aircraft-tariffs

The U.K.'s press release can be found here:

https://www.gov.uk/government/news/joint-uk-us-statement-on-suspension-of-tariffs-in-long-running-aerospace-dispute 

The USTR's EU press release can be found here:

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2021/march/joint-statement-european-union-and-united-states-large-civil-aircraft-wto-disputes

The EU's press release can be found here:

https://ec.europa.eu/commission/presscorner/detail/en/ip_21_1047